As a non-profit limited liability company (LLC), it is crucial to have an operating agreement in place to ensure the smooth functioning of the organization. An operating agreement is a legal document that outlines the rules and regulations for the day-to-day operation of the non-profit LLC.

Here`s an example of what an operating agreement for a non-profit LLC could include:

1. Purpose

The operating agreement should clearly state the mission and purpose of the non-profit LLC. This section should also highlight the activities that the organization will undertake to achieve its mission.

2. Members

The non-profit LLC`s members are the individuals or organizations that have contributed to the organization`s formation. This section should outline the eligibility criteria for membership, the process of electing or appointing members, and the roles and responsibilities of each member.

3. Management

The operating agreement should also outline the management structure of the non-profit LLC. This section should identify the officers or directors responsible for managing the organization and their respective duties and powers.

4. Meetings

The non-profit LLC`s operating agreement should also specify the frequency and procedures for holding meetings. This section should outline the notice requirements for meetings, the quorum necessary to conduct business, and the process for voting on decisions.

5. Finances

The operating agreement should include details on how the non-profit LLC will manage its finances. This section should specify the process for fundraising, accepting donations, and disbursing funds. It should also outline accounting procedures and reporting requirements.

6. Dissolution

Finally, the operating agreement should have a section outlining the process for dissolving the non-profit LLC. This section should specify the circumstances under which the organization will dissolve, the procedure for distributing assets, and any other legal requirements relating to the dissolution.

In conclusion, an operating agreement is a crucial document for the smooth functioning of a non-profit LLC. It outlines the rules and regulations for the organization`s day-to-day operation. When drafting an operating agreement, it`s important to consult an attorney and ensure that it complies with all relevant laws and regulations.